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Hello, I completed the entry for the sale, however i need help finishing recording the interest expense entry, Thank you!! Ivanhoe inc issues $3,500,000,5-year, 14%
Hello, I completed the entry for the sale, however i need help finishing recording the interest expense entry, Thank you!!
Ivanhoe inc issues $3,500,000,5-year, 14% bonds at 103, with interest payable annually on January 1. The straight-line method is used to amortize bond premium. (a) Prepare the journal entry to record the sale of these bonds on January 1.2020. (Credit occount titles are automatically indented When amount is entered. Do not indent manually, Prepare the adjusting journal entry to record interest expense and bond premium amortization on December 31,2020 . (Credit occount titles are outomaticolly indented when amount is entered. Do not indent manually
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